Advance Auto Parts, Inc. (NYSE:AAP) – Equities research analysts at Oppenheimer Holdings dropped their Q4 2017 EPS estimates for shares of Advance Auto Parts in a report issued on Tuesday. Oppenheimer Holdings analyst B. Nagel now forecasts that the company will post earnings of $0.63 per share for the quarter, down from their prior forecast of $0.76. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Advance Auto Parts’ FY2018 earnings at $5.88 EPS.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 4.40% and a return on equity of 13.12%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.73 earnings per share.

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Other equities analysts also recently issued research reports about the stock. Gabelli reissued a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, August 16th. The Goldman Sachs Group, Inc. reiterated a “buy” rating and issued a $114.00 target price (down from $133.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. UBS AG reiterated a “buy” rating and issued a $155.00 target price (down from $170.00) on shares of Advance Auto Parts in a research note on Monday, August 7th. Deutsche Bank AG set a $101.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Credit Suisse Group set a $100.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts has an average rating of “Hold” and an average target price of $104.89.

Advance Auto Parts (AAP) opened at $89.27 on Thursday. Advance Auto Parts has a 52 week low of $78.81 and a 52 week high of $177.83. The stock has a market cap of $6,600.00, a price-to-earnings ratio of 17.06, a PEG ratio of 1.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 1.48.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Billings Capital Management LLC purchased a new stake in Advance Auto Parts in the third quarter valued at approximately $19,331,000. TT International boosted its position in Advance Auto Parts by 134.4% in the third quarter. TT International now owns 33,184 shares of the company’s stock valued at $3,291,000 after buying an additional 19,025 shares during the last quarter. Dean Investment Associates LLC boosted its position in Advance Auto Parts by 25.1% in the third quarter. Dean Investment Associates LLC now owns 6,258 shares of the company’s stock valued at $621,000 after buying an additional 1,257 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Advance Auto Parts by 48.2% in the third quarter. Neuberger Berman Group LLC now owns 1,339,056 shares of the company’s stock valued at $132,834,000 after buying an additional 435,798 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Advance Auto Parts by 4.0% in the third quarter. California Public Employees Retirement System now owns 172,961 shares of the company’s stock valued at $17,158,000 after buying an additional 6,578 shares during the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 5.03%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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